Loomis completes the acquisition of Nokas Värdehantering in Sweden
On January 17, 2020, it was announced that Loomis, through the wholly owned subsidiary Loomis Sverige AB, entered into an agreement to acquire 100 percent of Nokas Värdehantering AB. The transaction was subject to ownership approval by the Swedish Financial Authority.
The approval has now been obtained and the acquisition was completed June 15, 2020.
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Loomis offers safe and effective comprehensive solutions for the distribution, handling, storage and recycling of cash and other valuables. Loomis customers are banks, retailers and other companies. Loomis operates through an international network of more than 400 branches in more than 20 countries. Loomis employs around 25,000 people and had revenue in 2019 of SEK 21.0 billion. Loomis is listed on Nasdaq Stockholm Large-Cap list.